Ethereum’s Fiery Path: $6.6 Billion Ether Burned Since the London Hard Fork
Nearly two years —
precisely 23 months — have zipped by since the enforcement of Ethereum’s
London hard fork, marking the implementation of Ethereum Improvement Proposal (EIP) 1559.
Current figures reveal a total
of over 3.46 million ether has been burned since the London hard fork.
To give a sense of scale, the sum of
$6.68 billion worth of ether burned could enable a person to purchase roughly
19,085 single-family homes, each estimated at an average price tag of $350,000.
Regular ETH transfers have contributed most significantly to the Ethereum reduction, incinerating nearly
300,000 ETH.
Transactions involving Tether have wiped out over
150,000 EACH, and combined,
Uniswap v3 and v1 have caused the burning of more than
200,000 ETHNIC.
